The Sun. — London, England, 1838-05-14 00:00:00

ing any explanation or apology, it would, indeed, have been most ex_ traordinary, if, after a great change had been made in the three compo. nent portions which formed the balance of the empire, giving an addi tional, and as it might appear to some, an alarming power to the democratical branch of the constitution—it would, he said, have been rioast strange if there had not been many men who, previously apprehend ing danger from the too great influence of the monarchial or aristocra. Veal branches, should not, when a great change was made, diminishing the power of those two branches, have had the honesty to throw their weight, however small,into that balance which seemed the lightest.— (Cheers.) This, then, without disguise or concealment, the offspring of no intrigue, negociation, or compromise —this was, he would not say the secret,but the reason, the ground and foundation, the solid and en. during foundation of their union. Such were the motives which in fluenced his conduct, and, passing by any allusion to the sacrifice, the course he had adopted had induced, and which he should have been ashamed of himself not to have made—he did not mean the mere sacri fice of power, which cost him nothing, nor the sacrifice of office, which was a burden while he held it, and a relief when he resigned it—but the sacrifice of those kindly feelings and friendships, which he knew he must incur, which he had incurred in many instances, but of which he had never repented. Passing by all reference to that topic, he would at once express how high a gratification he felt at having, in such so ciety, been selected as the organ to bring before their notice that which was in truth the keystone and bond of their union, that which was the main-spring of all their strength, that which they were fully prepared to uphold, strengthen, and confirm, that which was the very essence of all their Conservative feelings, the British Constitution in Church and State.—(Rapturous cherring ) It had been truly observed by one who well knew what he spoke of, that there was a vast difference between the Whigs of 1935, and the Whigs of 1932 — (Hear, hear)—but if gentlemen would refer to history, he thought they would find, when they compared the Whigs of 1938 with the Whigs of 1 684—(Cheers)—that there was indeed a wide difference between the political principles which actuated the great men of the former Period, and the principles which were professed by those who called themselves the Whigs of the present day. If he read history right, he found that the great men of the former period considered as indispen. sably connected and interwoven with our mixed Constitution, and as giving strength and stabi l ity to all its parts, and forming the strongest bulwark of our civil liberty—the maintenance of a National and Pro testant Establishment (Cheers.) It was true, indeed, that those who called themselves the Whigs of the present day also appeared to regard these great elements as combined ; but in their mind they seemed com bined only for the purpose of being made one and each the object of uniform and constant aggression.—(Cheers.) The Radical party, wise in its generation, knew, and, knowing, steadily and per severingly acted on the knowledge, that no one of those great elements could feel a blow, without the blow being felt by all the rest.—(Hear, hear.) They looked out for the feeble place whereon to make the first assault, and when they could not succeed by violence, they sought to undermine by fraud.—(Hear, hear) To meet their endeavours required not only much coolness, but as much perseverance and industry, in a better cause, as were displayed by their opponents.—(Cheers.) Not many years since the favourite object of attack was the independent exercise of the powers of the House of Lords ; and the exercise of those powers was not opposed alone by the low and insignificant, but by some among the learned of the land and occupying high places.—(Hear, hear.) It was true that the chorus raised against that body had sunk into a snarling whimper; but the party only waited for another occasion to renew its attacks. How had those attacks been met ? By concessions ? by yielding to any of the demand; made by those who attacked the peerage ? No. They had been met by a forbearing, but unflinching exercise, on the part of the House of Lords, of their constitutional potters; they had been met by an appeal to the good sense, prudence, and judgment of the British people.— (Cheers.) What was now the favourite object of attack ? Scarcely any one of the Institutions of the country could be pointed to with respect to which a desire was not manifested to depreciate and injure them. He saw a systematic desire to degrade the magistracy—(Cheers)—to weaken the bonds which bound in:legitimate union, the gentlemen of the coun. try with the population of their neighbourhoodseand to draw seldom on them for the discharge of those duties which they conscientiously and unpaid performed.—(Cheers.) He saw a systematic desire to overthrow every thing which appeared not to forward the democratic will; but above all, a determination supported by all the malignity of bitter hosti lity, and favoured by indifference and lukewarmness on the pant of those who ought to oppose it—a determination, he said to destroy, to weaken, and undermine the foundations of our Established Church (Loud cheers.) They were sometimes taunted with raising without cause, the cry of " The Church in danger ;" but when he saw how many gentlemen were then present, who would go forth into their respective neighbourhoods, and scatter and desseminate over the whole country, among their neighbours, dependents, and cennexio , s, the principle of attachment to the sister Ceurchee of England and Scotland; when he knew how strong a hold those Churches had on the affections of the people; how the attacks made on them had called forth increased energy in their defence and maintenance, he began to hope that the " Church was not in danger."—(Cheers.) But this lie must say, and he said it in a voice of learning and counsel, if he might be permitted so to speak, that if they relaxed in their endeavours, if they became lukewarm in their support of the Church; if, while they ad mitted and supported, and eeceuraged the reform of the Church and the removal of abuses, th y relaxed and flinched from the first principles by which that Church was maintained and uphold, they had an adver sary ever vigilant to take advantage of the slightest concession, ever watching for an unwise admission, ever desirous to entrap them into the adoption of some insidious expression which would afterwards be used against them in a different sense, and ever ready to assault an .1 to assail everything they held most sacred.—(Loud cheers.) He called upon them to remember this, and as they valued that Church—as they tvettal answer to their constituents who sent them to Parliament to defend that Church—as they would answer to their country, to whom that Church was a national blessing—as they would answer to sir consciences, he ca'led upon them not for one moment to relax in sir exertions from a too confident or overweening estimation of their wn strength.—(Hear.) He was told that no less than 313 Members f Parliament had joined in the present magnificent public tribute of respect, regard, and affection, to his Right Hon. Friend. Hove many of hese men would flinch from the expression of the same devoted attach ent within the next forty-eight hours.—(A burst of cheers, which sated for several moments.) If the energy or zeal which were mani sted that night, was not a mere hasty and evanescent feeling which bt evaporate in a short time ; but if, on the contrary, it had its n in the strong and mature conviction of this mighty party, en the Church and the institutions of this country were indeed safe. •—•',Cheers.) Let them remember it was rot zeal atone—it was not the hasty expression of excited feeling which must win the battle--it Was patient struggling against toil and fatigue—against maneeuvres— against, perhaps, defeat—it was untiring industry, it was unrelaxed energy, it was indomitable confidence in their leader.—(Loud ap plause.) It was that confidence which sustained the British soldier, in apparent apathy, behind the lines of Torres Vedras—it was the same confidence with which the troops of Waterloo lay couched in in action, until the time when their great chieftain gave the word to charge —it was the determination to hazard the great cause by no trifling proceed ing, the offspring of personal caprice —it was the determination not to flinch from the great cause from too nice an estimation of some expression which might chance to be used; it was the determination never to affirm a principle which they did not believe in, and never, under any circumstances, to shrink from the affirmation of the principle which they did believe in.—(Loud applause.) If in this laborious and weari some course they should at any time feel inclined to falter in their en deavours and relax from the struggle, let them reflect what it was they were to sacrifice, and then he was sure that no personal interest, no light or trifling consideration, would deter them from the course they had adopted, and their conduct would, under the blessing of Pro vidence, be the means of maintaining and preserving, that which was the object of their respect and love, that which lie now gave them as a toast, " Our Constitution in Chbrch and State." The toast was drunk amidst tremendous cheering. The CHAIILHAN proposed a bumper toast to the health of Sir James' Graham. In drinking that toast, they drank, he said, the health of an honest, independent, and enlightened statesman.—(Loud cheering.) Sir JAMES Ciamtax said his Right Hon. Friend had explained in far better terms than he could the motives which had induced him to leave the friends of his youth and join the ranks of their opponents. As Sir Robert Peel had told them that step was not the result of any in..' trigue, nor Indeed could he (Sir J. Graham) forget that night, when driven almost with contumely from the ranks of those with whom he acted, he crossed the floor of the House of Commons, and joined the' party of the Right Hon. Baronet on principle.—(Cheers.) He now thanked the great assembly of gentlemen whom he saw before him for the generosity he hid received at their hands—a generosity as great as the autipathy with which he was regarded by those once his friends. —(Cries of " Hear, hear.") Why was it that he stood there that night? He was there because he was opposed to the policy of withdrawing the colonies from their connexion with the mother country ; while a gentleman, who had given the traitor sPlCenzie the benefit of his advice, had received the favours of the Government, while another gentleman, who had expressed a wish for the success of the re. bets in arms, obtained the votes of some of the members of the Admi nistration, at the period of the general election.—(Hear, hear.) He stood there, because he was pledged to resist the extension of the suf frage.—(Applause.) He thought that the great measure of constitu tional reform, which had passed a few years ago, added greatly to the influence of the democratical principle, and he said that that should be his ultimatum, and that he would resist any further democratical change.—(Hear, hear, hear.) Lord Durham thought differently, and her Majesty's Ministers had seen fit to prefer Lord Durham to an important situation, while, under the cover of his character as a Reformer, the constitution of one of our colonies was to be suspended.—(Loud cheers.) He stood there because he was de. termined to resist " vote by ballot." On this subject his Right Hon. Friend had referred to the words of Lord J. Russell. As far as words went, they were satisfactory —but let them be compared with the con duct of the Government. How did the Members of th e G overnmen . _ _ _ . vote on the question of the Ballot ?—(Cheers.) Sir H. Vivian and Mr. R. Steuart voted in favour of that question, and nevertheless they still retain their places.—(Hear.) Nay, he would undertake to say that whenever an opportunity presented it, by the vacancy of a Government office, Mr. R. Steuart, who was now one of the Lords of the Treasury, would be preferred to some higher place; and that the gentleman se lected to succeed him as Lord of the Treasury would be a person not only in favour of the Ballot, but pledged to some extreme opinion with regard to the Church. He stood there because he was pledged to resist the repeal of the union; and Mr. Sheil, who had declared himself a friend to the repeal, had been received into an hospital and made a pensioner of the Government.—(Loud cheers, and laughter.) But more ; he stood there because he was determined to resist the expulsion of the Bishops from the House of Lords. What had the advisers of the Crown done on this subject i They had preferred to office a gentleman who voted in favour of the expulsion of Bishops.—(Hear, hear.) He stood there pledged to resist the spoliation of the Church, and he trusted that on Monday next Sir T. Acland would give them the opportunity of showing their determination that the Church should not be spoliated. _(Loud cheering.) He stood there, above all, to resist any attempt to destroy ,'..l)e independence of the House of Lords.—(Cheers.) They had been told by hi Right:Hon. Friend, that for the purpose of effecting their object great attention and great patience on their parts were necessary; And he would tell them further, that implicit confidence in their leader was necessary. He thought he had heard a quotation made from Clarendon in favour of what he conceived to be spoliation; but he would, with their permission, call their attention to apassage which he had lately read in Lord Clarendon's history. At an early period of the Long Parliament, a motion having been made in the Mouse of Corn. mons for the extirpation of episcopacy, Lord Clarendon observed— " The House was very thin, those only who prosecuted the Bill with impationoe remaining in the Howe, and the others, who abhorred it, growing weary of so tiresome an attendance, left the Iron3e at dinner_ time, and afterwards followed their pleasures, so that Lord Falkland was wont to say that they who hated the Bishops hated them worse than the devil, and that they who loved them did not love them so well as tiwir dinner.' I know not how CI 5'Z. men have already an3wered it to slupir own consciences, or how they will answer it to Him who can discern their consciences, who having assumod their country's trust, and it may be, with great earnestness laboured to procure that trust, by their supine laziness, n egligence, and absence, were the first inlets to these Inundations, and so contributed to those licenses which have over whelmed us. For by this means a handful of men, much inferior in the be ginning in number and interest, came to give laws to the major part, aid to show that three diligent persona are really a greater and more signifi cant number than ten unconcerned; they by plurality of voices in the end converting or seducing the whole body to their opinions. It :s true, men of activity and faction have many advantages that a composed and settled council, though industrious enough, usually have not, and vane that gallant men co not give themselves leave to entertain, for they contract a habit of disingenuity necessary to their affairs that liberal minded men would not p ersua d e themselves to entertai n, even for the prevention of all the mischief the others intend. Whosoever observes theill arts by which these Inca use to prevail on the people in general— their absurd, ridicul ous l y i ng to win the affections and corrupt the under_ standing 3 of the weak ; the bold scandals to confirm the wilful; the boundless promises to the ambitious ; their gross , abject fl a tteries to the u l ga r.spirlted, would hardl y gilt himself leave to use those weapons for the preservation of the three kingdoms." It was unnecessary to say where abuses existed they should be reformed ; but if he reformed, he at at the same time would be most determined to maintain in the fullest integrity the prerogatives of the Crown, the just rights of the here ditary Peerage, and with respect to the Church the full enjoyment of its sacred property.—(Cheers.) He felt that it would be impossible to preserve their mixed form of government unless they upheld the inde pendence of the House of Lords and the rights of the Church.—(Cheers.) He had somewhere read, that William 111., after his accession to the throne of this kingdom, being somewhat nettled by the violence and im patience of the party by whom he was placed on the throne to carry reform beyond what he considered safe, was disposed to leave the country, and that in the course of a conversation he said that " he had reflected on the different forms of government, and that he was aware that much might be said both on the kingly form and the Republican form; but that on this point he had made up his mind—that the worst of all was the kingly form without sufficient power to maintain it.--(Hear, hear, and cheers.) He certainly believed that if the Just pre rogatives of the Crown were impaired, there would no longer exist security for the liberty of the country ; but, as his Right Hon. Friend had observed that there was something peculiar in the present aspect of affairs, he would only add that he did not despair when be saw such a body of gentlemen met there to declare their confidence in the Right Hon. Baronet (Sir R. Peel), and when he knew that in conjunction with that large body of gentlemen there was an independent peerage, with the Duke of Wellington at its head.—(Cheers.) He would not detain them by any panegyric on that Noble Statesman's character; but he must say, that if ever there was a man willing to risk his life in the service of his country, and who would not do a base thing to save it, that man was the Duke of Wellington.—(Repeated cheers.) The Right Hon. Baronet concluded by proposing the toast of " The Duke of Welling ton and the House of Lords," which was drunk amidst enthnsia.stic cheering. The Marquis of Douno, who, we regret to say was imperfectly heard, rose to return thanks for his illustrious relative, who, he assured the company, would feel highly flattered by the manner in which his name had been received by a meeting comprising so large minority of the House of Commons. He trusted, if the Duke of Wellington had had the good fortune to render any service to his country, when the Conser vative minority in the House of Commons was small, that now, when the Conservative minority numbered 313 Members, acting together in union and confidence, his noble relative would be enabled to act even with greater efficiency than before for the advantage of the country. Mr. R. PALMER said, that in obedience to an intimation from the Noble Chairman, he rose to propose a toast which required no argument from him to recommend it to their favour, for he was certain they would receive the toast of " Lord Lyndhurst and the members of Sir R. Peel's Cabinet," with the same enthusiasm as they had shown in drinking the preceding toasts.—(Cheers.) It would be impertinent in him to onto_ give the character of Lord I.yndhurst, but he might be permitted to say that Noble individual, whether at the bar, in the House of Commons, or on the woolsack, had displayed talent and ability to be equalled by few end surpassed by none; and he now was one of the most eminent mem bers of that House of Parliament, which he trusted would long remain an independent branch of the Legislature.—(Cheers.) He believed that if the members of the Peel Government had been allowed that fair trial, which was all they demanded, they would have proved themselves capable of conducting the affairs of the country to the satisfaction of the people; and he hoped the time was not distant when some, if not all, of those statesmen, would again be called to the head of affairs.—(Cheers.) Mr. Goutnuaet returned thanks on his own behalf and on the be half of the other members of Sir R. Peel's Government. At that late period of the night, and after the eloquent speeches which had been de livered by his Hon. Friends, he felt it to be unnecessary to trespass long on their indulgence; but when he looked around on the company be fore him, presenting, as he believed it did, the representation of the ma jority of the real electors of the empire and of a very large proportion of the property, rank, and intelligence of the country, he could not but feel that the compliment paid to the Cabinet of which he had been a Member did confer on every individual belonging to it a very high distinction• They entered on office without the abandonment of any principle, and endeavoured to discharge their duty to the satisfaction of the country ; but they were defeated by a combination which it was not necessary for him further to allude to. and when they found that they were unable to carry those measures they thought requisite for the public benefit, they abandoned office. It was because the gentlemen present approved of the principles of Sir It. Peel's Cabi net that the honour for which he now returned thanks was conferred on the members of that Government. He felt that they were now ob taining that for which alone power was desirable, namely, the means of preventing any attack on the institutions of the country, and of pre serv:ng the rights and privileges of every class within the constitution— the freedom of the peop!e, the prerogatives of the peerage, the sanctity of the altar, and the stability of the Throne. Before sitting down be would propose a toast which must be of the deepest interest to all present. He was sure that no toast could be more acceptable to them than " the Conservative electors of the kingdom."—(Veherneut cheering.) Lord F. Fama•roet said, that though he rose late and unprepared, still in an assembly of fellow-countrymen, who had met together to rally round the constitution he felt no hesitation in proposing as a toast the name of his Noble Friend who filled the chair.—(Great cheering.) It was needless for him to enumerate the many claims which the Nsblc Lord had on the respect of such a meeting, f.r all present had had an opportunity o7observing his Parliamentary career, and they well knew how, acting with the strictest independence, he had used all the advan tages he possessed for the maintenance cf our institutions.—(Cheers.) He might more particularly specify that the assemply of that night wag greatly owing to the Noble Lard—an assembly which he considered to be important, useful and salutary, and though it might please her •Majesty'a Government to cast ridicule on it, certain it was that they crul.l not collect around them, without contrivance, negotiation, and previous consultation, 300 Members cf the House of Commons. There was not any topic connected with the policy of the country that had not been touched upon; and supposing a meeting of the adherents of the Ministers to take place, would it not be necessary to settle before. hand what subjects should be spoken of, and what left alone ?—(Hear.) 110 therefore considered that they were deeply indebted to the Noble Chairman for calling them together ; and he would now conclude by telling them an anecdote. He recollected that, in 1819, when a portion of the country was disaffected, a dinner was given to a troop of yeomanry by the officers, and on that occasion there were cnly 40 defaulters. Two days afterwards the riots at Manchester took place, and these 40 de. fautters were in their saddles.—(Hear.) The toast having been drank with loud cheering, The Noble CllAllll,lxx rose to express his warm acknowledgments for the honour conferred on him, lie was glad to find that his conduct had given them satisfaction ; and he trusted that while in Parliament he should never be found to neglect his duty.—(Cheers.) Ile should always recollect with pride and satisfaction the day when so many Members of the Commons had received the Right Hon. Baronet Sir R. Peel as a guest at their table.—(Cheers.)' Sir S. CANNING proposed " Sir E. Sudden and the Conservative Bar." —(Cheers.) He said that he need not remind the assembly that this toast included the names of Follett, Pemberton, Pollock, Cresswell, and many other illustrious characters, who were zealous in upholding the institutions of the country. The toast was then drunk, snd honoured with repeated cheers. The CHAIRMAN then gave " the Master and Wardens of the Mer chant Tailors' Company." He said he was most happy to give that toast, because he believed almost every one of the gentlemen was a Conservative; and it was well known that in 1793 this Company came forward in the most generous manner to support Mr. Pitt.—(Cheers.) Mr. ALLISTON returned thanks. The CU&IRMIN proposed "the Hon. Mr. La/cellos, the Vice-Chair. man." Mr. LA9CULLE9 returned thanks, and proposed " The Agriculture and Commerce of the country, and may they ever be united." The Earl of DARLINGTON returned thanks on behalf of the agricul tural interest, and Sir J. R. Rein on behalf of the commercial interest. The CeAlnx&v next proposed "The health of Lady Peel, and the rent of the ladies who had honoured the meeting with their presence." Sir It. Peer., on the part of Lady Peel, and he presumed lie might add, on the part of all the other ladies who had honoured them with their presence, begged leave to return the company the most cordial thanks. Several times in the course of the evening he might have been betrayed into the mistake, from seeing so many representatives of the people, of fancying that he was in the House of Commons, had he not found his friends sitting in front of him, instead of at his back, as they did at the House of Commons, and had he not per ceived before him a gallery far more attractive and captivating than the gallery of the House of Commons.—(Cheers and laughter.) He would only add for himself and for the Hon. Gentlemen sitting around him, that he felt all their exertions must be of little avail, if they were not countenanced by those who exercised the greatest influence in so ciety, and whose favour was the most powerful stimulus to exertion, and the highest reward of success.—(Cheers.) The next toasts were " the Lord Mayor and Corporation of London," and " the Committee of Management and Stewards." The NOBLE CKAIIVIAN then proposed the last toast, which was " Suc cess on Monday next," which was rapturously received ; and the meet ing broke up about twelve o'clock. * We believe 300 Members of the House of Commons were present at the festival. LATEST NEWS FROM AMERICA. (From the New York Papers received to the 17th ult.) UNITED STATES. (From the Albany Argus of April 12.) IMPORTANT MESSAGE. We hasten to lay before our readears the following important message this day transmitted to both Houses by Governor Marcy ; we have only time to add, that it will be received, we do not doubt, with the unqualified approval of the people, and of all the friends of sound currency;— To the Senate and Assembly:—Fellow citizens,—The time is not far distant when when the Banks of this State will resume specie payments; and it can now be anticipated with tolerable certainty what will be the situation of things when this event shall take place. Since the general suspension of specie payments in the month of May last, the Banks which have furnished their monthly statements to the Commissioners have made commendable efforts to put themselves in a condition to resume. On the Ist of June last their liabilities amounted to about 64,000,000 dollars, while the debt due to them for loans and dis_ counts exceeded 67,000,000 dollars. From that period to the present time a course of rapid curtailment has been steadily pursued, so that their liabilities on the first of the present month were but 53,000,000 dollars, and their loans and discounts were less than 56,000,000 dollars. By this process of reduction the condition of our banks has been greatly improved, and their ability to meet andsustain specie payments is now fully equal to what it had been at any former period. This remark is particularly applicable to the Banks in the city of New York, where, amidst a general depression of business, the most rigorous and praiseworthy efforts have teen put forth to prepare for an early and successful resumption. The Institu tions in that city have, during the suspension of specie payments, re duced their liabilities more than 6,500,000 dollars. Their specie during the same period has increased from about 1,800,000 dollars to more than 3,500,000 dollars, to which, in estimating their ability to meet their engagements, should be added about 1,500,000 dollars purchased and ordered from abroad, and expected to arrive early in the ensuing month. The Banks throughout the State, which have made reports to the Commissioners, have reduced their liabilities more than 11,000,000 dollars, their loans and discounts about the same amount, and their cir culation from about 9,000,000 dollars to about 4,000,000 dollars. The Banking Institutions of this State are, therefore, in the best con_ dition for a return to the payment of specie, and appear to be deter. mined, as they certainly should be, that no effort on their part shall be wanting to place the State and its business interests in the most desirable position. Owing to causes alluded to in my message at the opening of the pre sent session, our constituents in all parts of the State shared largely in the distresses which precedod and immediately followed the suspension of specie payments. Such was the case in an especial manner with the citizens of our great commercial emporium. The loss of about fifteen millions of dollars of capital by the fire of December, 1635—the inter. ruption of business by the unparalleled commercial revulsion, which soon followed that disastrous event—the sudden withdrawal from de posit, in the midst of all this depression, of ten millions of dollars of public money —all having occurred within the space of about twenty. seven months, co-operate with other considerations, to induce the Le gislature to extend its aid in an efficient manner, if it should become necessary, to shield our institutions from threatened hosti lit y, and thereby to protect and foster the general interests of the people. It is also pro. per to remark, that about three millions of dollars of the amount of de posits withdrawn from the banks in the city of New York were appor tioned to the several counties and towns in the State, and loaned to the citizens thereof, under the law of the last session in relation to the sur plus monies beionging to the United States. _ . I have not been able to discover any adequate reason why the Banks in most of the other States, and particularly in the Atlantic cit es, could not have been in as favourable a condition to resume as o: r own. The main causes which led to the suspension have for some time ceased to operate, and others of an opposite tendency are exerting a beneficial influence in restoring the currency to a healthful state. The commercial debt abroad, which was large at the period of suspension, and the pressing demand for which was one of the principal causes of that calamity, is now mostly paid off or arranged; foreign exchanges are decidedly in our favour ; the precious metals, instead of being in demand for exportation, are coming into the country in great abun dance from every quartet. The suspension law of the last session expires on the 16th of May next, and the Banks in the city of New York have determined to re sume the payment of all demands against them in specie on the 10th of that month. The country banks of this State are prepared to take the same step at the same time; and all classes and interests, it is be lieved, are ready to aid these efforts by a generous confidence and ap. proval. To avoid the creation of a new stock for the express purpose of being loaned to the banks for a long time, I recommend that the Commissioners of the Canal Fund be authorized to issue stock, which it is now certain will become necessary within a few years, for their enlargement of the Erie canal, and the completion of the Black River and Geneser Valley canals, and if the apprehended emergency should arise demanding its use, to loan it to the banks, requiring of them the most ample security for the punctual payment of the interest, and the reimbursement of the principal from time to time, as the money may be wanted in the progress of these works. Although intelligent merchants and bankers are of opinion that it will netprobably be necessary to use the credit of the State, yet it may be otherwise, and the recent opposition of the views and policy of the Bank of the United States increases the apprehensions that a crisis will arise in which the credit of the State to some extent may be required. With a view of making ample provision for any such exigency, I re spectfully recommend that authority should be givers in the manner suggested to issue stock for the contemplated purpose to the amount of 6,000,000 dollars or 8,000,000 dollars. This recommendation does not, it will be perceived, propose creating a stock, and eventually, if need be, the raising of money expressly for sustaining the banks in the measure of resumption, and retrieving from their present depression the business concerns cf the people, but it suggests for these highly important see. vices that the monies which it is known will be required for the public works already unauthorized by law, should be raised a short time before they are wanted for expenditure. A new interest is, in my opinion, given to the subject I have pre sented, and much force is added to the considerations in favour of the measure I have recommended, by the course of conduct which it Is the avowed intention of the United States Bank of Philadelphia to pursue in relation to the resumption. Had the determination to oppose a re turn to specie payments come from any other quarter, they would have caused much less surprise and regret. This institution has a capital of 33,000,000 dollars, and possesses by the terms of its Charter more than ordinary banking powers and privileges—it has its agencies and long established business connexions in almost every State in the Union --it enjoys an extensive credit, not only in this country but in Europe, and its resources derived from this consideration alone are immense. It most confidently relies, as appears by the language of its Presidency, upon the subserviency of the Banks of all the States, (except New York), in falling into its views and co.operating with it in carrying them into effect. When this formidable power is arrayed against the measure of re. suming specie payments—when it is publicly announced by the Pre. sident of the United States Bank—that the uncertain period of resump tion must be delayed until the accomplishment of certain pecuniary operations which are distinctly shadowed forth in his letter, there is very strong reason to fear that the banks of this State will not be per mitted to pursue the course which they have resolved to take without encountering more than the intrinsic difficulties of the measure. I am confidently persuaded that a vast majority, if not almost the entire mass, of our constituents, are opposed to, and will expect their representatives and public functionaries to resist, the policy put forth by the United States Bank, of constituting the issue of an is redeemable currency. W. L. MARCY. Executive Chamber, Albany, April 12. BANI CONTENTION, APRIL I4.—The Bank Convention met yestcr. day pursuant to adjournment to receive the Report of th e i r C omm itt ee of 18. The Report designated the Ist of October next as the day of ge neral resumption, leaving it open to any state or any bank to resume be fore that period at its pleasure. The object of the report was to name a day certain, by which all the banks should place themselves in a posi tion to resume. On this Report the votes in Committee were 13 to 5 viz , Ayes—Maine, Vermont, New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, District of Columbia, Virginia, North Carolina, Indiana, Illinois, Missouri, Nays — Massachusetts, Rhode Island, Delaware, Maryland, and Mississippi. UPPER CANADA. TOlZONTO.—Yesterday Lount and Matthews received the awful sen tence of dea , h, which was pronounced by Chief Justice Robinson, after a most solemn and affecting address to the prisoners, who, we under stand, appeared penetrated with a deep sense of the enormity of their crime, and the justice of their doom. ToaoxTo.—Srarc TRIALS.—Since our last, Gilbert Fields Morden and John Montgomery have been put on their trial and convicted of high treason. Also John Anderson, who pleaded guilty.—Christian Guardian, April 4. The brigand chief, Sutherland, on entering on his defence yesterday, abandoned his project of combating the case for the cre..vii by counter evidence, and trusted his case wholly to points of law. 'the Court re - assembled to-day, and we believe have sent their verdict to the Governor, which, together with the sentence, will in due time be known.— Patriot, April 3. HAM' LTON.—STATE TRlALS. — oollVieted.—P. Malcolm, Ephraim Cock, ELas Snider, Charles P. Wairath, Stephen Smith, Horatio Hill, Nathan Town. Recommended by the jury to favourab!e consideration—l Nm. Webb, John Tuffurd. The following prisoners have petitioned the Government, according to the late Statute, and their petition has been graciously received, : —Duncan M'Phcdrain, Robert Laing, Charles Chapin, Malcomb Brown, Adam Winegarden, Lordwellington Winegarden, William Thompson, Lyman Chapin, Philip Henry, George Roberts, Robert Elliott, William Winegarden, and Henry Winegarden. Robert Allway, Esq., has been liberated on bail, in order to take his trial at the next assizes for the district of London. He is personally bound in 1,0001, and two sureties in 5001. each. Dr. H. Smith and Daniel Lewis, E. q., became his bail. The trials here possess very little interest. —Gazette, April 3. LOWER CANADA. QUEBEC, APRIL 7.—Mr. William Coates, late tirst-teller of the branch bank of Montreal, was this week fully committed to the gaol of this city, charged with feloniously stealing, in the month of February last, notes of the said bank to the amount of 10,000/_ currency. A reward of I,OOOZ. is offered for the recovery of the stolen property, and a pro portionate reward for the recovery of any part thereof. The delinquent has been in confinement since the robbery was first discovered, but his examination only terminated on Monday or Tuesday last, when he was fully committed for trial at the Criminal Term of the Court of King's Bench, which will he held in September next. NEW YORK MONEY MARKET, &c., Aram IQ. . . The stock-market on Saturday rallied a little, and a small improve.. ment was generally realized. United States Bank advanced about 1 per cent., having closed at 110, 30 days ; Farmers' Trust Company, 97 , Utica Railroad Company, 112 ; and Phmnix Bank, 97. Large sales of specie have been made during the last few days at a i to - per cent. premium. Treasury notes are Ito i per cent. discount. The discount on Philadelphia and United States Bank Bills continues at 5 per cent. A fair business was transacted on Saturday in exchange for trans. mission by the Packets sailing this morning for Liverpool and Havre. On London the closing rates may be quotei at 4 to 5 per cent. premium. On France, sf. 421 c. to sf. 47kc. ; 39c. on Holland; 35i on Ham. burgh; and on Bremen, 77 to 771. Specie, to the amount of 820,000 dollars, was received yesterday by varions houses in this city by the ship Sheridan, from Liverpool. The Columbus, expected every hour from Liverpool, has, we understand, 600,000 dollars, and the Gladiator, from London, has also a large quantity of specie on board. At New Orleans, 69,000 dollars had been received fron Vera Cruz on the 6th, and advices of the speedy ship. ment of 100,000 dollars more. The usual monthly statement of the banks of this State to the Ist instant, shows the following results, as compared with the statements of June and March last June 1. March 1. April 1. Loans and discounts. Specie. Circulation Due Canal Fund Due State Treasurer 2,152,950 31,169 8,444 Due U. S. Treasurer... ...... Due Individual Depositors Profits .... 6,329,726 8,067,769 8 , 253 , 6 39 These statements show a diminution of loans and discounts for the last month of 553,439 dollars; an increase of specie of 755,097 dol lars ; a diminished circulation of 149,735 dollaxs ; an increa se of the Canal Fund d epos i ts of 61,004 dollars or individual deposit s 66,263 dollars; a dimi nu ti on of the State Treasurer's deposits of 22,725 dol lars ; and of the United States deposits 97,941 dollars. SALES ON FRIDAY AT TIM STOOK XXCIIA,NOIL, 100 shares United States Bank 50 do. Ditto 175 do. Ditto 100 do. Ditto 90 do. Mechanics'Bank . ........ 89i 21 do. Union Bank 114} 50 do. Phoenix Bank 50 do. Delaware and Hudson ..........8.:1 60 days 691 (? 50 do. Ditto ... 60 SO do. Ditto 125 do. Ditto 173 do. Ditto 30 do. Ditto . .............. 1,600 dollars Treasury notes 1,000 M e xi can d o ll ars ....._ 991 THE SUN, LONDON, MONDAY, MAY 14, 1838, LLOYD'S SHIPPING.—(This DA DEAL, MAY 12.—Wind E.S.E., fine. 13, ILE., moderate. — Carne down from the River, and proceeded, the Bmtrice, young, for St. Vincent ; William Manning, Queleh, for St. Kitts; Africaine, M`Fag gart, for Australia; Egham, Turner, for Cadiz ; Agenora, Creed, for Antigua; Diamond, Baldwin, for Berbice ; Orson, Scott, for Bahia; Argyle, M`Donald, for Cape of Good Hope ; Wanderer, Smith, for Mauritius ; Celesta, Robinson, for Quebec ; Mayflower, Holliday, for Liverpool; Frances, Perkus, for Hobart Town. PORTSMOUTH, MAY 12.—Wind S.E. by S.W. 13, N.V. to 'W.N.E , fine.—Sailed the Frederick Wilhelm 111., Boltrendt, for Rio Janeiro; Chapman, Christie, for Quebec ; her Majesty's ship Bellerophon, Malta. PIA - mourn, MAT 12.—Wind S.W.—Arrived". off, the Towson, from Lisbon. Sailed the Hector, Wilson, for St.. Petersburgh Henry, Pauline, Gerard, for Guadeloupe ; Susannah, Williams, for Hamburg% Hector, Hill, for Quebec; Andreas and Caroline, Erboe,. - and Dorre, f or N orw ay. FALMOUTH MAY 11.—Wind E. strong breezes. 12.—Wind variable, light breezes and fine.--Arrived the Express p a ck et, Lieutenant Crake, f sailed April 11. Sailed th e Druid, Spence, for Quebec ter, Cattermol e, f ar Bre men; Henrietta, Sherres, for Osten d. It w as re ported at St. Th om as's rebe S e t ; Ives, Th° m Gambell, as' for Hamburgh ; Vet that the Star, packet, had arrived at Barbadoes els the sth of April, from Falmouth. LIVERPOOL MAY 12.—Wind N.N.W., light. 13.---Wind N., mode. Wood house, Brown, rate. Arrived the Blorenge, Banks, from Calcutta; Vickbury, erromJer.L.seyc,atDai:covnevr.fruo,m, 3, , , Brandt, from Cadiz ; , Tarragona ; Eliza and Mary, from ditto; Ludwig, Wilhelm, from. NVolgast. New York Sun, Off port, the Lintin, from Mobile. Charleston r N I e e s w t on O ; r l cans; Orontes, N Oallaisg, Egls, St. Übes. ........ DOVER, MAY 13.—Arrived off port, the Atla month, to award our T m h o e nt c h el s t dt b e ri r ty COLBURN'SNEW MONTHLY MAGAZINE FOR of the " Gurney Papers" for natural humour and quiet observ"a hen of lif e continues un diminished. f "" p re r aairsce gratified s to M b a e g e a n z i a i b i e l : e d diminished. " The Manager's Not e Book, contains reminiscences of the lives of Fawcett and Woodward; theyarefiill of in c id ent, and very amusing. " The Great Western Jungle" d,_usplays all that power of vivid description for which the old Forest Ranger has beco me celebrated. The subject of lunacy in France is continued, and the depictions of the different kinds of mental derangement arc those of a rnaster-ha n d . my Visit to Brussels " is every way worthy of i Mr. h' Grattan's pen ; i ts conc. sion will be awaited eagerly. " Recreations n Natural History," and " Ancient Days," by the gifted author of " Nourmahal," are as valuable as they are intersting. The " Papers of a Gentleman-at -Arras" contain much caustic criticism, as well as some amusing badinage. " Subjects for Pictures," by L. E. L., display her usual Foetical taste and feeling. The other papers are varied and attractive, and " The Conversazione " ' is continued with cleverness and spird.—Dublin Packet, AN HARMONIOUS NAME.—A German journal speaks of a young authoress who has distinguished herself in the lite rary world; she is called the Bareness de Klopskrakerstoc and Pfekal krenken.—Galignani's Messenger. HIGH WATER AT LONDON BRIDGE TO-MORROW. Morning ...... .. minutes after 6 1 Evening ...... ... 31 minutes after 6 MR. BULWER'S NEW ROMANCE. This day was published, in royal Bvo. with 15 highly-finished Historical Engravings, 31s. 6d. ; and a Portrait of the Author after Chalon, executed under the superintendence of Mr. Charles Heath ; India Proof Plates, 21. 12. 6d. LEILA ; or, THE SIEGE OF GRANADA. A Romance. By EDWARD LYTTON BULWER, Esq. London : Longman, Orme, and Co. The publication of THE SUN NEWSPAPER commenced this day at 10 minutes past Three o' Clock. Three hundred and thirteen Members of the House of Commons united on Saturday to give Sir ROBERT PEEL, as their leader, a great banquet. The meeting was alto gether political ; and the organs of the Tories, while they exult in the manifestation, avow that such was the object. The last toast of the evening, which was rapturously re ceived, was " Success on Monday next." Nor is it either concealed or doubtful that the success to which this great combination of Members of the House of Commons looks, is to turn out the present Ministers, and place their leader and some of his followers in Downing-street. The selfish ambition was openly avowed ; and the public will naturally ask what justification did or could these gentlemen assign for their endeavours to cause all that agitation which is at all times consequent on a change of Ministers, and which in their case, they well know, would be little short of con vulsive. The working classes, though many of them are looking with eager hopes to every change as sure to promote their favourite political plans, and many of them are combined into " National Working Men's Associations," into Trades' Unions and Cotton-spinners' Unions, are generally tranquil, and the patriots of Merchant Tailors' Hall wish apparently to supply them with an opportnnity of engaging in vehement political agitation. Great, but just though slumbering discontent exists in the Catholics of Ireland, in the Dissenters of England, and in all liberal-minded, in telligent thinkers, at the arrogant demands of the Esta blished Priesthood. The combinators, by installing the arrogant principle in high places, must wish to rally and unite against the Church all the Catholics of Ireland, all the Dissenters of England and Scotland, and all the op ponents of priestly domination—now numerous in the land —and wish at once to provoke a trial of strength in a con flict, instead of quietly allowing the best founded opinion to attain the ascendancy. Sir ROBERT PEEL admitted, nay boasted, that the present situa tion of parties, in which a Ministry supposed— and, alas !we are afraid, only supposed—to favour the advance of popular principles from being controlled by a strong Conservative opposition can do no harm, is most ad vantageous, and is almost perfection ; and for the mere gra tification of being in office he will destroy that balance, and make a large number of men now in power, and now pledged to prevent aggression on the Constitution, unite with all that is discontented in the country, and countenance an assault on those institutions which Sir ROBERT pretends to he most anxious to defend. The great public evils which Sir ROBERT PEEL finds, are a defalcation in the Revenue —heartburnings in the Colonies—discord in the Peninsula —and a decay of confidence generally in Europe ; and he, as the head of this combination, proposes as a remedy, a change in the Ministry, which will stir up agitation at home, call into active operation that principle of ruling in spite of the people on which he now aspires to come into office, and make both the yielding of the Revenue less, and the expenditure greater ;—which will change discord into mutual extermination in the Peninsula, and will add great dread to the great distrust which exists of rulers, and involve most likely all Europe in` revolution. He and the combi natory are darin g i n their ambition, who for their personal gratification are ready to risk such calamitous consequences to their country and the world. Sir ROBERT PEEL obviously mistakes still, as he has ever yet mistaken, his own position and his own power. He drew a contrast between the present Ministers as pro fessing to govern by concession, and his own party, as avowing to govern by force ; but the fact is, that the Go vernment which professes to concede is, by its sense of security, thereby enabled sometimes at least to resist ; while the Government which professes to rule by force is always in danger, and must give way rather than provoke resistance. Did not Sir R.PEEL act on this policy in 1828, in giving up the Test Act in 1829, by adding Catholic emanci tion to the many "boons" the Catholics had before wrung from his party, and in 1835, by proferring to the Dissenters as a bribe, if they would allow him to remain in office, all which they asked, and which they have not yet been able to get from the conceding Whigs controuled by a Conser vative opposition? But professing a deference to the demands of the people inspires them with hope and confidence, and enables the Government to refuse concession to whatever is unjust, and to put down violence, should it rear its head, as in Canada, with a strong, but a merciful hand. Of all other principles, that of a few men now attempting to rule society with a strong hand, laying down the limits to which change shall go—progression, which is change, being as natural and as necessary to so ciety as the continued circulation of the blood is to the health of the body—is now most to be dreaded, as the certain cause of—convulsion, and on that principle Sir ROBERT PEEL and his fellow-combinators now propose to seize and to conduct the QUEEN'S Government. If what they seek and what they desire to preserve were just, we should not disapprove of their conduct. The principle, however, on which they pretend to be united, which has tempted Sir JAMES GRAHAM and Sir FRANCIS BURnETT from Radicalism into the arms of Toryism, and has made Lord STANLEY assume his proper place, at the head of those who require that strong self-will should be expounded and defended, is to uphold Protestantism, which they falsely assert is assailed. We heard Dr. CHALMERS on Saturday loudly claim for this generation the same right to judge of, and reject if it likes, the ritstal, and Church Establishments now on foot in the land, as was exercised by the Reformers in the 16th century—we heard him contend for that in common with other great and good men as the great principle of Protestantism, and we heard him deride the claims of the Oxford divines to a peculiar apostolic power. The right of private judg ment is, in truth, less a religious than a civil prin ciple, and should be as sacred and hallowed in Catho lics and Dissenters, who have a common political faith and political rights as in members of the Establishment. It is then pure Protestantism for the Catholics to object to a Church Establishment which is not theirs, and for the Dissenters to claim an exemption from tribute to a priesthood which does not serve them. Protestantism is defended, though the Establishmen the as sailed by the claims of the Catholics and Dissenters. On the part of Sir ROBERT PEEL and his fellow combinators, however, there is a determination to tax the whole com munity for the support of the priesthood of one sect. That principle is in a civil Governor most unjust, and it is alike o pposed by the Catholics and the Dissenters. It is a clear breach of the obligation by which every ruler is bound to d o equal justice to all his subjects ; and it cannot be car ried out in this land of partial freedom, but by the help of that armed force, to which Sir ROBERT PEEL proposes to appeal for support, nor without leading to the establish ment of a complete tyranny. It ought therefore to be at once as zealously opposed, as it is openly and profligately propounded. The advent of Sir ROBERT to office ought to be, and probably would be, the signal for forming a close and compact union of all who arc aggrieved by the claims of the Church. Perhaps, even now, it is not too soon, as the combinators have avowed their object to form such a union to oppose them. The Tories are to seize power, to preserve Church-rates, and prevent any application of the Church revenues of Ireland to the education of the Irish, and all \vim are interested in resisting the demands and the aggressions of the Church, should at once imitate the Tories, and unite to oppose them. We should augur well of their success. The men who combine against our liberties, had the chain, ion of the Corn-laws for their Chairman, and demonstrate that these combinators are as inimical to the physical welfare, as they are to the moral independence of the people ; and are as ready to starve, as they are to coerce the nation, e copy from the Spectator of yesterday the following paragraph : A curious story is circulating in the district of Whitehall about the postponement of the Budget. It is said that Sir Francis Head expended an enormous sum —even a million sterling (enough to buy the entire province, we should imagine,) has been named—on the celebrated — coup 4' etat by which he changed the Upper Canada Legislature from Liberal to Orange. The bills on the Treasury which were drawn for that purpose are now to be provided for—just at the time when there is a deficiency of cash for ordinary expenses. Such is the rumour; which, strange and improbable as it may appear, Is really current in quarters so respectable, that we should hardly be justified in omitting to mention it, This is a curious story indeed. But is there a syllable of truth in it ? Not one, we believe. Sir FRANCIS BOND HEAD, towering as is his genius for political blundering, could not be such a dolt as to suppose that Parliament would defray a million of expense of his Excellency's incur ring. Were it true we should hear of nothing but rebel lions in Canada for the rest of our life. A harvest so rich in gain would be, in the opinion of the Canadians, cheaply purchased at the expense of a little blood letting. We copy to-day an article from our excellent contempo_ rary the Morning Advertiser, concerning " the National Loan Fund Society." It is highly gratifying to observe, that the more closely this institution is examined the more clearly is its advantages obvious. While upon this subject, it is pleasing to dwell upon the matter contained in the ex tract from the Thurles report to the Government Loan Fund. How favourable a light does such a statement place the character of the Irish people, who have been ma ligned and calumniated by lay and clerical slanderers. The accommodation rendered by the Agricultural to such benevolent establishments, proves how beneficially a a well regulated Joint Stock Bank Company can exercise its influence, both for its own emolument and the prosperity of the country, by drawing forth unemployed capital, and calling into action dormant energies. When do we hear of the Bank of Ireland—the: state money shop—performing such services to the country from whence monopoly en ables it to amass its millions ? And where is the govern ment which will now attempt to perpetuate monopoly, by renewing the Charter of the Bank:of Ireland with all its an cient privileges ? A Tory Administration would not dare to do it. A Whig one must not attempt it. We are indebted to the active agents of the Commercial Steam Packet Company, Fish-street Hill, for the following communication from Lisbon, dated the sth inst. The sub ject is not the most important, but it has the merit of novelty, at least, to recommend it. A Company which labours so strenuously to gratify public curiosity, while suiting the general convenience of the traveling and mer cantile worlds, would meet with an ungrateful return from those who would dispute the priority of its claims to public support : Lissox, SATURDAY, MAY ;s.—At half-past nine a.m. her Imperial Majesty the Empress of Brazil, accompanied by her august daughter-in law, Donna Maria, Queen of Portugal, and her illustrious consort&m_ barked under a royal salute from the Arsenal on board the royal barge, pulling thirty oars, and steered by a post captain in the Portuguese navy, attended by six other state barges, with the principal Admirals, Gene rals, and the officers of state and clergy; she was received on board the Commercial Steam Company's packet the Transit, Captain Wright. son, with every mark of honour; and tu,on her Majesty stepping on board the Transit, the Royal Standard of Portugal, with the English and Portuguese ensigns were hoisted. The Transit slipped her moor ings upon a signal being given, and was saluted from the fort and arsenal at Lisbon. On passing the Portuguese squadron, their yards were manned, and each ship saluted in succession, His Excellency Admiral Sir John Ommaney, of her Britannic Majesty's service, came on board to pay his respects; and when passing the English and French squadrons, the yards were manned, the mariws under arms, and the bands struck up the Portuguese national hymn, and each ship tiled a royal salute. The parting of the Queen of Portugal with the Empress and her sister, the young Princess, was truly affecting, and a more general feeling of love and veneration than was expressed by all classes towards the Emp ress was never witnessed. At half-past ten the. Transit passed Belem underanother royal salute, and at forty-five minutes past eleven, passed Fort St. Julian—and at each bastion, whe:ever a person could be seen, scarfs and handkerchiefs were waving. Her Imperial Majesty travels under the title of Madame la Comptesse de Minden°. The Transit left Southampton yesterday at one o'clock for Rotterdam, at which port her Majesty will disembark. New York papers to the 17th ult. have been received, They contain an important message from Governor MARCY, recommending the resumption of specie pay ments by the banks of the State of New York—of which an abridgment will be found in another part of The Sun. Advices from Toronto, of the 6th ult., state that the Mayor and Citizens had addressed his Excellency Colonel Sir GEORGE ARTHUR, congratulating him upon his appoint ment to the Govenorship of Upper Canada. The answer of Sir GEORGE was most satisfactory ; in fact, it was the very reverse of the Draconic reply to the address presented to him by the Reformers. His Excellency says : " Your address is the more particularly gratifying to me at this mo ment, as by a full knowledge of and confidence in its power, the execu tive government is more at liberty, where justice does not absolutely forbid it, to unfurl the banner of mercy. " Harshness and severity are distinguishing marks of weakness and apprehension. " The country is strong enough to be magnanimous; and as the in habitants of Upper Canada have the reputation of being a religious people, it will now be open to them, both collectively and individually, to give proof of their Christian professions, by forgiving, without any vexatious upbraidings, the extreme injuries they have received. ` The quality of mercy is not strain'd ; It droppeth as the gentle dew from heaven Upon the place beneath ; it is twice blessed ; It b]esseth him that gives and him that takes; 'Tis mightiest in the mightiest.' " If the great victory which has been achieved be now wisely used with moderation and well-timed conciliation, the late seeming frown of Providence, upon this noble province, may issue in a very great bless. in: ; for I do not despair of seeing many persons now come forward, openly and avowedly, as loyal supporters of the Constitution, who, al though hitherto advocates for some partial changes in the institutions of the country, nevertheless would be desirous to make the most public declaration of their detestation of traitors, and murderers, and incen. diaries; and thus you may become a more united, and therefore a more happy people." This is all that the most Radical Reformers of sane mind, and honest principles, can desire. In the name of mercy, let there be no vindictive effusion of blood. The victors may talk of the atrocities committed by the rebels, but who is there to call them to an account for the possibly greater guilt by which rebellion was sot only crushed, but those who were wrongfully suspected of favouring it, exter minated in the moment of victory ? In this case, what crimes have not been created by failure ? Let us then be merciful, for under such circumstances, the best conducted trials must be mockeries of justice. We have received the whole of the Paris Journals of Friday and Saturday. In the Chamber of Deputies on Thursday the Cabinet sustained a fresh defeat on the question of the Railway project so long under discussion. The Cabinet would have protracted the debate by a further adjournment, but after a speech from M. ODILLON BARROT, in which the policy of the Administration was unsparingly censured, a division was called for, when there app eared : For the Ministerial project 139 Against it ... Leaving Ministers in a minority of 127 votes ! A scene of indescribable confusion ensued, in the midst of which the PRESIDENT announced the adjournment of the Chamber. It is generally known that the Chamber of Peers will reject the Five per Cents. Interest Reduction Bill. This led to a rise of nearly one-half per cent. on the price of this Stock on the Bourse on Saturday. The Paris Journals of Saturday continue to publish ac counts of the movements of the French troops on the Bel gian frontier. On the other hand, a letter from Berlin states that Russia, Austria, and Prussia have agreed to support Holland, in the event of the 24 Articles being now rejected by Belgium. The latest advices from Madrid are to the 6th inst. in clusive. The Government was then in hopes of being able to bring the lo an negoc i ations to a satisfac tory c sp o e n eil c d lus y ion. General LEON took possession of Los Arcos, on the ~1 3 d, after routing five Carlist battalions Before evacuating the town, the rebels destroyed the fortifications, and burned the Augustinian convent. BRUSSELS, MAT 11.—A piece of news of the greatest importance to Belgium is just announced to us. The Rhenish provinces are petition. ing in favour of the state quo. A great many of the most respectable persons of the Duchy of Juliers, members of the Chambers of Commerce, masters of manufac tories, &c., have had a meeting in the little town of Erkelens, to draw up and sign a petition, requesting the King of Prussia to think of means to keep things in the prosperous state in which they now are, demonstrating that the neighbourhood of Belgium, a manu facturing country, is much more advantageous to Prussia than that of Holland could be. In fact, no good can be expected from any change in the present state of the balance of Europe, which seems to have been brought about by chance rather than political combination. Why disturb a state of things with which everybody is satisfied I , Hol. land, Belgium, and Prussia (the parties most interested, are all equally well off in their respective situations. The Belgian Legation to the Ottoman Porte left Vienna on the second of this month, to proceed down the Danube to Constantinople. It is composed of the following persons :—Baron O'Sullivan de Grass, Envoy Extraordinary and Minis ter Plenipotentiary, Viscount Amadee Vitain XIV., the Marquis Theo bub de Rhodes, and Count Charles de Spanger. These gentlemen take the customary presents. ST PETERSBURG'', 27vIt APRIL.— A corps of 4 20,000 men will em bark at Sebastapol for Anapa, but will; neither be incorporated in the army of the Black Sea nor employed against the Abascians, but sta. Vip Wfte.f • • 4 1 01, „in 41t ea," zh e lax* WITH WHICH " THE TRUE SUN" IS NOW INCORPORATED. LONDON : MONDAY EVENING, MAY 14, 1838. tioned along the Turki:sl; frontier of the Pashahk of lil;:ra to Cue Sea. The :destination of this corps seems therefore to be, to serve as ! reserve to the Turkish army in Anatolia, which it is thought is tO at , t" / "' Ibrahim Paella ; perhaps when the Turks are engaged with the 143117 tiara, it may penetrate into Asia Minor. There is a continual chant, of couriers between St P e t er burgh and Constantinople. We cann ot understand the apathy of th e C a bi ne t s o f th e T u illeries and St. Ja mes ' s. —Private Correspondence of the Constitutionnef. FRENCH FUNDS.-PAurs, MAY 12. Five per Cents., 108 f. 85c. lilfif. 108 f. 95c. 90c. 95c. Three per Cents., 81f. 80f. 95c. 81f. sc. Bank Actions, 2,710 f. Dente de Naples, 1011. lUOf. 95c. Roman Five per Cents., 101%. Spanish Actives, 21%%%. Spanish Passives, 4. Belgian Loan, 103%. Belgian Bank, 1,4431. 75c. 1,4421. 50c. Portuguese Loan, Three per Cents. 22%. Haytian Loan, 485 f. EXCHANGE ON LONDON. One month, paper, 25f. 45c.; money, 25f. 42 1 c. Three months, paper. 25f. 321 c. : money, 251. 305. LATEST PRICES. Five per Cents. 109 f. Three per Cents., 81f. 15c. Bank Actions, 2,710 f. Romans ' 10134. Belgian Loan, 103%. Belgian Bank, 1,442 f. 50c. Portuguese Three per Cents., 23. Spanish Actives, 21%. Spanish Passives. 4 3 4, Haytian Loan, OM BELGIAN 1. UNDS-BaussELs, MAY 12. Actual Debt, 2 54 per Cent, Rothschild's Loan, 5 per Cent. lO2 Loan of Thirty Milli ons 93% Loan of City, 1832, 4 per Cent 98% Society of Commerce, 43per Cent 165% Bank of Belgium, 5 per Cent National Society . -Brussels Papers, May 12. ' AUSTRIAN FUNDS..-Vmstss, MAY 4.10714 Five per Cents. Metalliques 101% Four per Cents. 82% Three per Cents. Bank Shares 1455% -Ailgemeine Zeitung, May 9. HAMBURG BORSEN HALLE, MAY 11. Bills. AloNeY• Austrian Meta Piques, 5 per cent. Dist... ditto 3 percent. Ditto ditto 21 per cent, - ..-- Ditto Bank Shares 1437 143 .5 z Anglo-Russian Loan lOB% l ee .... Paper Inscription, 6 per cent lO% Russian 5 per cents. Metal. Russian Inscription, Hope and Co., 3d and 4th Series 91% Ditto, Certificates Portuguese Regency Bonds, 5 per cent - --- Ditto, 3 per cent -- Dutch `4. per Cents. 53 Ditto 5 per Cent., - ..... Polish Bonds, 3 per cents. New Tickets 150,4 I „.'2‘ Anglo-Danish Loan, 3 per cents ... 72 '` Norwegian Loan of 1834, 4 per cents. - ....- Spanish, in piastres, 3 per Cents - Cortes Lean, 5 per Cent 1834 1g Greek 4 per cents. 1833, guaranteed by France - EXCHANGES ON LONDON. Ilanntata, May 4 -13 11 ; two months, 13 SU. -Hamburg Papers, May 11. PRUSSIAN FUNDS.-BERLIN, MAY S. Bills, Money St. Schuld. Sch. 4 per cent. 102% 102 % Prussian English Loan, 1830, 4 per cent 10.3 1 102% _ Exchange on London, three montLs 6 25% -Prussian State Gazette. May 9. MONEY AND COMMERCIAL NEWS' CITY (THIS DAY), TWELVE O'CLOC it i ;bo In the course of Saturday some he av y sa l e s were effecte d British Market, chiefly owing to the Budget having been put alt o Friday, and to the reported strong opposition that Ministers dl sit perience this evening in th e H ouse o f C ommons on the rilot i°n Console, 01; ht# v/chc ExchequerlosedonSaturd ß a i y ll, a : 94 for the Account, 0 1 17 : , ,, morning in agn at 931 94. 71 73 ; India Bonds, 8 St In the Foreign 205 i. , r ent• Market most of the prices are nomina l a ' Spanish Active, 7 21 6 ! !;; Portuguese, 35} i ; Th ree per Ce nts r l Mexican,Columbian, 271 ; ipe u ,ol‘ T 4 wo-and.a. i Half, 54k , Exchange from New York, 1041 105 '— Shares, 110. to t" Th 2. news from Paris is rather of a warlike tendency in respect affairs of Belgium. All accounts agree that France is army to proceed to the Belgian frontier—no doubt to support ae IL of Belgium. PRICES OF STOCKS THIS DAY AT ONE O'CL OCIC i . 7I,Li Bank Stock 3 per Cer.t. l ie_? .93% 27' Ditto 80nd...... ............. ••••• 4 ' 3 per Cart. eons 94 3 1 A per Cent. lOl% South Set sock ......... ..--• Old Annnititg •• ....a ..... ........ Noy Ditto..... ... ........ •••; 75 1 . 4 ,. 2. pe: Cent. Annuitie s, . 71 73 Pc ). Exch. Bilis, XI; CP.. ....... 4 vi p rn.. Ditt o ;00 ......... .`, • ; •3 pv . , Ditto Small ...... ... ......... ...., 1 , 2 p ro. Ditto Commercial ....... . ....., psi . Ditto At i, er ti s ed... ..... ....„........ Bank Stock tar Account... ••••• ~......, i India Stock for A ocount ..... 4,i, I Consols for Acct ant ............ ,',. , ~,,(•,,O.! THIS DAY AT ONE ‘-, ' ...., Peruvlzn Bends ... ............. ". --' Ditto Account ....... ........ ' . .-••• P ortuguese ß o nds...... ............. 3 5. V ., Ditto New Boris ............... 36 5, , , Ditto Account .. ............... 94;(0 Ditto, 3 per cent,... ...., 24 , 44. 5, 4 , Ditto Account ..... .... • • .. ..... Prussian Bonds ....... ..... .•••••-... ..... Russian Bonds, 18'22 ......... ....., Ditto .Account....... ........... Ditto Metallic .....=••••••••"*" --, Spanish Bends ..............»••••• ....... Ditto Account ....21,410 Ditto Bonds, 19.34......• ........ i 3 Ditto Account ................ .... „... , French, 5 per cent.... • --, .....c. 4 her cent ..... ....•• ---- 4 . -... : , —3 per cent ...... --" i. Exchange --f. --. ,- Dutch, :IN, per cent 50rN i ..-• Ditto Account . „ Ditto, :: per cent - .......... Ditto Account .... .......... ... 5 DAY AT ONE tycLucx. Paid, Per fths , e ' Brazilian Imperial Mining Co; (issued at 51. pm ) 20 9 4 British Iron Company United Mexican (issued at 21. pm.) Eastern Counties Railway 5 34 Brighton Railway Company - 8 84 g 6 London and Blackwall Rai:Way London and Southampton Railway Company 5O 30' London and Southampton (New) Railway lO North Midland Railway Company 35 39A 8 4 4 Paris and Rouen 4 144 i Aspisalte, Claridge's Patent 2 2 15 Do British ..... .. Do. Liverpool Do. United States 2 2% V i i Bitumen, Bastenne and Gaujac -,z ~.., Do. Polonceau 2 2 3i 5 f .55 4!4 British North American Bank Colonial Bank Van Dieman's Land Agricultural Company 17 The Transit steamer has arrived at Southampton from Lisb ° ," ' do not on the 4th inst., about three days later hear as yet that she brings any news of im n than po the aeLs.tar rival. HALF - PAST N O , 1 : 7; : a i ' 1 ~ ci , ch , ' The private letters from the United States state that con ch r ila , affairs are in the same state as per the previous accounts, and 3t delphia they are selling goods at a low rate, to raise the wind. • rno l g . ' Consols are a sh a d e b e tt er t h an i n t h e ear l y part of the l ii - foo ey, when they were 93 to 44 for the Acccunt, at p r esent 94 ; O r Benlig 931 94, little doin g. Exchequer Bills, 71 73'; I n dia Bonds, SI ; Stock, 204 i ; India Stock, 271. s ort In the Foreign Market, the chief operations during the M ornii: h g e ito , in Portuguese and Spanish Stocks. Spanish Active, 9.1 i i "r raz l iA" : count. Portuguese h as reac h e d 36, at presen t 351 304 a, ; ://ailfre -715,1 3 ; Mexican, 286 ; Colombian, 271 28 ; Dutch Tyre-and' Cents 44 the Sh., 5 &. eg. In are Market little doing, an d mos t of the Shares aO r as ' last Saturday. Brighton done at par. THE FUNDS.—CLOSING PRICES. 71 BRITISH FUNDS. 4 Bank Stocls ... 3 per Cent. R e d 3 per Cent. Cons 2 , 9 l 3 , “.',l D ln i ci tt i o a B St o o n c d k s .................................... ......i....•::.;.'....„51 94 Ditto Old Annuities ......•.. .. .. ...._ 3Y.i per Cent 10! a< Ditto New Annuities ..:**" . .73 ef,, N per Cent. Red 103% Ex. Bills, 1,0001 ...... .2%a• .......... P,' , New 3 1 4 per Cent 102% Ditto 5001.................. .. .. 73 pn . ' Long Annuities to expire Ditto 5001.... ....... .... ... ... ••••• Jan. 186 - Oct. 1850 _ Jan. 1860 FOREIGN FUNDS. Austrian, 5 per cent Belgian, 5 per cent 101% Brazilian Bonds D Po it r t t o u . g s u , e e s w e D Bo it n t d o s,..s_ ............ e ... n . . ........ .. „. 3 - i. Prussian, 5 per cen'.. ....... ! ....... Buenos Ayr, s, 6 per cent Russian Bonds, 5 per cen t ....... ...._, . Chilian, 6 per cent 2O Ditto, Metallic ........ ................ 2pi, Colombian, 6 per cent Ditto, MI Greek Bonds, 1825, 5 per cent —‘2784% Spanish, 5 per cent...-. ........ ---_., Railway 43 . 2 .. : ......... .... cent.... ............. 4 .. 5 : : :: . ' 1°°* Danish, 3 per cent E l) , ~! e t e nt h o ca , hn ( ; ; g o se z i per5..0..1i.cd..ea.n.t.et..d.....................,.....................4.. F 4;...... Mexican, 5 per cent. French, 3 per cent ... ........... 5 !.: Ditto, 6 per cent.. 1825 Peruvian, 1825,6 per cent LondoniLondono Eastern d. n aaaCnnnodddu Birmingham i3u n Counties Railwayoßrighton iR Railwayill wt Ditto, 5 per cent. "DAY)........ , (CLOSING PRICE OF SHARES.—(THIS n 4 London nn andail d Southampton Sou t h am p to n ( R N a c i w lw ) s . r . y , ......................... , I F 6 ; London London Grand Junction Croydon Railway Rai1way......... a i lw ; ; : : .. .. : ".. .................................................... 1 7 1 i 4 , , Manchester and Birmingham Railway' ............. „Qt 4.. North Midland Railway ............................. . r ,-- York anti Nerd) Midland Railwa; . ... --------- ....••• 3 National Loon Fund ............................................................... ap ' HANOVER, MAY 10.—Her Majesty let out this forenoon for Berlin, where she will arrive on the 12 ,, o ctit• Majesty the King will, we hear, set out to-snorrow.--Haoover ,-. May 10, • eery 118 ' 5 Mr. Simpson, tile Land Auent and Auction ~,,,,i done those who either wish or are corallied, to sell their estaters.,i3rogoo. service, by publishing a pamphlet, entitled, " Observations in_ ther p ro to the present mode of effecting sales of landed estates and ° 4 . H ome' perty, &c.", in which lie exposes a somewhat dishonest practice t rvair that auctioneers. He says, " The practice alluded to,—and it is b 1810' the landed proprietors throughout the kingdom should know it , _ io ta!), Ectate.Agents and Auctioneers charge, as is well known, a con 1n tot by way of per centage, upon all sales effected by them, in cluding Adle r " '- charge all the pripiratory labour of surveying, valuing, lottir!gin, viola, the a th u . e il e i i: tiling, printing particulars, &c. The same principle is adopt ed .„_, fon . tions, surveys, sand the like, where no sale is contemplated. r ;' l ; 3 _. to whatever purpose the services of a Land. Agent or Auetionee.ie time s' required, the person primarily employed in the operation will, n n ' s „ l oot' out of ten, be a Solicitor toe(freuntly the confidential friend e . a n "_,. t he: of the party interested), and him will be confided the there'. Ildividual by whom the sale or valuation is to be made. Solicitor.'.net __ .. fore, are in fact the patrons and providers of the body of Aucteiro _ , r_ __," and the more astute and unscrupulous having long ago diecov ernt.'l,7_, . tis patronage was worth something, have hit upon a method of tu ser i'!, into a profitable account. For example s—a Solicitor employed to _ ,, i o n ' i, e tate says to au Auctioneer, " I will place this sale in your hands, , condition that I sin allowed part of your commission;" or conve . ~,l i t , the Auctioneer makes the offer in consideration of obtaining the, ; ° _, 0 ness; and this arrangement, which in the cant phrase of the Pa rt ::,,.. a termed " rowing together," is now so well understood, that a provo 1 . 1 : ,, , . of the commission is very commonly claimed by the one, and COne . idect," 7 . Seleetio w the other, as a matter of right. By the competition of Auctioneers, t__An' price of this patronage at the present day var i es between one-'bir d r . ,... one.half of the commission ; and thus the Solicitor, besides ha own Pr: o fessional charges, pockets a large douceur for the mere nomination of " Auctioneer. It is unnecessary to say that the transaction is "upon . . i l izi;n e r r , , " W a i n i, d se tl . ra i t on tl e re y iiisrrathnugserndeisnit,,issedstoufd.iouis:uyt ctohioicuegahleidwfrwoomwn t e l. ; s e n; ;. vire ire . thank Mr. Simpson, his own brotherhood will not be pleased. •• bound to believe that Mr. Simpson is as he states entirely fre e from tbiO , Ditto fled. New 3% per Cent... ........ 102 % New 5 per Cent.... Bsnk lorigAnnuitiestoexpir, Jan. 5, HM0... Oct. 10, 1850 . Jan. 5, 1360 l5 5-16% April 5, 1680 Jan. 5. ....... a••• PI:ICES OF FOREION FUNDS Austrian liond:, Belgian 80nd5...-. ............ 101% Ditto Account — Brazilian Bonds Ditto ACCOUIi Buenos Ayres Bonds Ditt:) Account ......... Bools Ditto Account .....»..,..... Cilumbian Bonds Ditto Account Calumbian Bonds, 1831. Ditto Account . Danish Bonds .......,.. . ......74/ 4% Ditto Account Greek Bonels Ditto Bends, 13'2,5 Ditto Account ........... Mexican Bonds, 5 per cent — Ditto Account Ditto, (3 per cent. Ditto Account Neapelitz,n ......... —1 ritlOES OF SliAttES THlt impropriety he points out and vxposes in others. Tile Duke of Bedford, Bowen, from Calcutta, after a passage of four months, arrived off Penzance on Wednesday 104 bringing his In.,,dmess the Nawaul Eckbaloodowlah Bahadoor, e',cleo4 son of the late King of Oude, with Captain Coventry, of the ii , eng B l Cavalry, and John Maclean, Esq., of Calcutta. The party came ar s shore at Penzance to proceed to London by land.